Trading Watch List 08.11.2017

Failed break out move  turned into a fast breakdown move. Ugly day for stocks and some major technical damages across the board.


















SPY closed below 50 MA. Has a gap to fill around 242.50.Worrisome thing for the market was lack of  usual dip buyers Thursday and relentless sell of all and closed low of the day.


















Small cap index IWM has been canary bird as it has been under performing for a while now.However , 200 MA is close by and potential bounce.

Game plan for Friday, if another red open, I will try few longs with tight stops. If market open green, watching 50 MA on SPY and QQQ. If 50 MA acts as resistance, I’ll try some shorts.

If you are struggling with your trading or learn how to trade you need to check out our trading courses. Our program is designed in such a way that you come out of it ready to trade live in just 3 months. We teach you everything from risk management to scanning to trading strategies. I also share my profitable intraday trading strategy which will make you money short term regardless of Market condition. The class is one of a kind, see why you should sign up for the course here . You will also have access to a private community where you can ask questions, share charts and talk with the instructors or other traders. You can also check out the testimonials from our students.
Also if you are interested in our day trade alert services and chat room Check them out here.
Follow me on Twitter for real time trading setups@szaman and on StockTwits @szaman
Check out our newest Offering “Bulls Vision” ! A brand new screen share product! See through the eyes of
@kunal00 while he trades live everyday.

AAOI Our 70 fade idea worked well. If this support breaks, 58 next.
FB Gap fill at 165.75. See if it can bounce on gap fill.
NFLX Ideally another wash to 50 MA or gap fill then bounce.
SHOP Below 88 , could go to 85 and bounce.
TSLA A flush to 347 could get a bounce.



szaman Administrator
follow me